The 2nd annual ‘Powering Africa: Summit’ (PAS) is set to bring together African energy stakeholders from Africa and global power investors between 27-29 January, 2016 in Washington D.C.
President Obama’s Power Africa has provided a platform to showcase power, trade and infrastructure global investment funds. It has also helped map the way this can drive forward the development of Africa’s power sector.
According to Veronica Bolton-Smith, Program Manager at EnergyNet, the 2016 programme will “focus more on the private sector, highlighting some of the successful deals that have taken place. The Summit will outline current opportunities for those who have never ventured into Africa before, and dispel some of the myths about what it is like to conduct business deals there.”
Last year, the meeting attracted participants from 17 African countries with a majority of the attendees coming from North America.
Recent analysis on Africa show that the continent is growing fast which has resulted to increased demands of energy by the growing population.
Among the major focus that the summit will look into, is trade relations following the recent announcement of The African Growth and Opportunity Act, giving sub-Saharan African nations duty-free access to U.S. markets for certain goods.
What will the summit focus on this year?
This year's Summit will focus on the successes of the private sector - including America's private equity houses, sovereign wealth funds and America’s power house family wealth funds
Showcase for infrastructure development and new power development opportunities - such as distributed Power/off grid technologies, Gas to Power projects, technology showcase and small scale projects to watch in Africa
A detailed look at the increasing interest of global investors in emerging markets energy infrastructure - following a surge of private equity interest across Sub-Saharan Africa, PAS will explore the power & infrastructure projects currently piquing the interest of investors, including the gas to power supply chain
An update on the South African Gas IPP programme - by design this programme will reward early stage movers, and if the South Africa: Gas Options conversation in Cape Town recently is a window to what could be achieved for the Gas to Power sector in South Africa, this opportunity could be huge
Improve your ability to interact with all participants and speakers - this year’s Summit will launch a networking APP for the first time to make it even easier to find those crucial contacts to do business with
Joint ventures have been adopted as positive way for foreign companies to partner with local firms, as such, sessions like ‘How to approach Joint Venture Partnerships in Africa’, ‘Private Equity: The Rise of Global Investor Interest in Africa’s Private Sector’ will be discussed.
Some of the industry leaders from the USA and Africa who have confirmed to attend include: H.E. Hon Minister Jeannot Matadi Atadi Nenga Gamanda, Minister of Energy and Water Resources, DRC, H.E. Hon Kwabena Donkor, Minister of Power, Ghana, H.E. Hon Minister Obeth Kandjoze, Minister of Energy and Minerals, Namibia, Andy Herscowitz, Co-ordinator, Power Africa and Trade Africa, Anita Marangoly George, Senior Director, Energy and Extractives, The World Bank Group and Karen Breytenbach, Head of IPP Office, Department of Energy, South Africa.
For more information and to register for the event visit http://www.energynet.co.uk/